Managers of Wealth Africa

UAP Insurance Kenya profit rises to Sh970m

Net premiums earnings from policyholders, its core business, were nonetheless flat, rising 1.9 percent to Sh8.30 billion.

Housing Finance cuts loss by 82 percent on reduced costs

HF’s loan book shrunk by 11.3 percent to Sh38.55 billion during the period.

Kenya Re profit before tax up by 35%

Kenya Reinsurance Corporation posted a 35% rise in profit before tax from Ksh 3.10B in 2018 to Ksh 4.18B in 2019, a commendable financial performance given the turbulent and difficult business environment in 2019.

SA Private Equity continues to outperform listed market

Monwabisi Zikolo, a senior private equity analyst at investment firm RisCura, says that the prospects for private equity investments remain favourable despite uncertainty in local and global markets.

Consolidated Bank Ghana commits ¢1m to support coronavirus fight

Institutions who apply to CBG for support, will after swift and timeous due diligence receive assistance for their COVID-19 expenses and procurements.

DRC is new hunting ground for Kenyan corporates seeking acquisitions, mergers

DRC’s insurance regulator granted approval to the insurer to operate in the non-life business market.

Access Bank issues first dual listed bond on NSE and LuxSE

These developments have thrust the concept of sustainable financing into the limelight, allowing products like Green Bonds to gain increasing significance.

New Report Exposes Nigerians Owning Property in Dubai

The report, according to its author, is based largely on private data compiled by UAE-based real estate and property professionals.

Government targets GH¢1 billion in 5-Year bond issuance

Each bond to be issued shall have a face value of GH¢1

Kano sets up committee to tackle Pension issues

Members of the Committee include the Commissioner, Ministry of Finance, Shehu Na-Allah Kura, the Commissioner, Ministry for Local Government, Murtala Garo and Sani Gabasawa, Chairman, Kano State Pension Fund Trustee.

Diaspora remittances to Kenya to drop due to coronavirus

Trading in the Nairobi Security Exchange 20 was halted on March 13

Uganda bourse dips as investors hold back

But the USE chief executive Paul Bwiso is betting on Uganda’s buoyant economy, the blue chip stocks and Umeme, a power distribution company, securing a concession from government to drive activity on USE.

What are asset managers delivering?

Are they meeting investors’ needs?

SANNE Connect Issue 20: Africa Edition

Welcome to the latest special edition of SANNE Connect, our dedicated technical bulletin.

Great benefits when Africa becomes a single market

The African Development Bank has forecast that elimination of bilateral tariffs on goods and services would increase intra-African trade by 15 per cent.

Kenya Re targets Egypt with Sharia-compliant subsidiary

The State-controlled reinsurer says last year’s decision to issue an additional 2.099 billion bonus shares saw its capital base quadruple from Ksh1.75 billion ($17.5 million) to Ksh6.99 billion ($69.9 million).

Africa’s Richest Man to Add Oil to Expanding Business Empire

Expects to start producing about 20, 000 barrels a day by July

Standard Bank funding model helps Growthpoint Investec African Properties expansion

The Bank said discussions started in the early part of 2019 and it was able to structure and implement the deal in line with the transaction closing milestone.

Centum Investment’s Midas touch

The group’s half-year profit surged to $67.9m last year, up from $20.7m in a similar period the year before, primarily driven by the sale of Centum’s shares in three beverage firms.

Impact investing could transform enterprise

A larger percentage of these funds are designed for SGBs as impact investment funds.

Alternative Investments